United Bancorp (NASDAQ:UBCP) Shares Pass Above 200 Day Moving Average – Should You Sell?

United Bancorp, Inc. (NASDAQ:UBCP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.12 and traded as high as $16.10. United Bancorp shares last traded at $16.00, with a volume of 10,899 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

United Bancorp Stock Performance

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $94.10 million, a price-to-earnings ratio of 12.06 and a beta of 0.33. The company has a 50 day moving average price of $15.71 and a two-hundred day moving average price of $15.14.

United Bancorp (NASDAQ:UBCP) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.33 EPS for the quarter. United Bancorp had a return on equity of 11.80% and a net margin of 16.29%.The firm had revenue of $7.94 million during the quarter.

United Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Wednesday, June 10th were given a $0.195 dividend. The ex-dividend date was Wednesday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 4.8%. United Bancorp’s dividend payout ratio (DPR) is currently 57.78%.

Insider Buying and Selling at United Bancorp

In related news, Director Gary W. Glessner acquired 3,527 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $52,658.11. Following the acquisition, the director owned 108,002 shares in the company, valued at approximately $1,612,469.86. This represents a 3.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Scott A. Everson bought 2,213 shares of the stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $14.93 per share, with a total value of $33,040.09. Following the purchase, the chief executive officer owned 143,162 shares of the company’s stock, valued at $2,137,408.66. This trade represents a 1.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 7,295 shares of company stock valued at $108,914. 13.86% of the stock is owned by insiders.

Hedge Funds Weigh In On United Bancorp

Several large investors have recently made changes to their positions in the stock. Appalachian Capital Management Ltd purchased a new position in United Bancorp in the fourth quarter valued at $479,000. Citadel Advisors LLC acquired a new position in shares of United Bancorp during the third quarter worth about $151,000. Vanguard Group Inc. grew its position in shares of United Bancorp by 8.7% during the third quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider’s stock worth $1,332,000 after buying an additional 7,605 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of United Bancorp during the second quarter worth approximately $64,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of United Bancorp during the second quarter worth approximately $43,000. 15.42% of the stock is currently owned by institutional investors and hedge funds.

About United Bancorp

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company provides range of banking and financial services, which includes accepting demand, savings, and time deposits. It also offers commercial, real estate and consumer loans. United Bancorp, Inc was founded in 1902 and is headquartered in Martins Ferry, Ohio.